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of the white house was the place for the hottest afterparty in town. entertainers like kelly clarkson and john legend, lots of politicians, friends of the president, all after the two official inaugural balls. >> my dance partner, michelle obama. >> reporter: in a dress designed by jason wu the first lady dazzled at the commander in chief's ball. ♪ i'm so in love with you ♪ >> reporter: where she took the first dance with her husband as jennifer hudson sang. early president obama told the ball goers why the day was remark remarkable. >> today we experience the majesty of our democracy, a ritual only possible in a form of government that is of and by and for the people. >> reporter: in his inaugural address he intends to operate more boldly in his second term. he put aside calls for bipartisanship and sent republicans a message, the election was an affirmation of his view of government. >> the commitments we make to each other through medicare and medicaid and social security, these things do not zap our initiative. they strengthen us. they do not make us a nation of
coverage here, we'll be joined by maria, john chambers, as well. we'll see what's happened to apple overnight. he always says you have to be fast moving in the mobile world. >>> those flashes, kelly was talk you canning about them from fitch that they can well need more capital. first of all, we have mr. corbett and mr. jenkins, mr. corbett still talking about the transformation still required at citi. >> the good news was we looked at the fundamental drivers of the business, our operating revenue expenses, our net cost to credit, all things headed in the right direction from a capital perspective. the capital standards are going up. it's an industry we're going to be forced to carry more capital than we have historically. we want to lower leverage rates than we have historically. and i think the industry examine in particular the u.s. banks are moving towards that quite quickly. >>> and if you look back 30 years, the three big things have driven our industry. you're going to see a reversal of those trends. more regulation, more nationalism and an economic environment that people ar
to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "worldwide exchange." how are the markets looking? >> perfect. we'll check the markets in a second. i want to bring news out of the bank upon spain saying fourth quarter gdp was down 1.not -- 1.7% drop, it was .6 drop. pretty large. and 2012 gdp down 1.3%, down from a contraction of 0.4% in 2011. more difficult news for the spanish economy. >>> now in a long-anticipated speech on the future of britain in the european union, prime minister cameron has warned that democratic consent from a u.k. membership is "wafer thin." speaking in london, he said he's in favor of having e.u. referendum but not at the moment and urged e.u. leaders to address the challenges currently alienating the electorate. >> there's a gap between the e.u. and ci
" my tommy john undershirts and long underwear. >> we need to see those -- >> part of the fashion show. >> we'll need to see those. >> i don't know if we'll get to that. >> i wore some of those -- >> i don't want to have a credit ratings problem. >> i wore some of those -- that i was sent. it had instructions, no flap, lift -- you know, it had things. but i liked them so much i wore them for a week. >> what? the same pair? >> yeah. >> oh, gosh. >> e www -- >> no. >> they do have that -- they have a smell-resistant something, they're supposed to. let's -- >> no, it only lasts so long. only last so long. >> keep it clean. >> andrew, what's the temperature there? >> i bet it's warmer than here. >> yeah. >> what is the temperature sneer about 25 degrees. >> cold. >> it's cold, everybody. >> it's 10 degrees here. >> i know, it's colder in new york. >> president obama made his entire speech about global warming, and the next day it was 10 degrees. anyway, that's neither here nor there. you go ahead. >> good news is it is warmer inside than it is outside. >> it's exactly -- exactly 23 degrees
guidance. good morning, john. >> very buzzed-about earnings call. perhaps the most buzzed-about moment, apple's ceo announced the company will change the way it gives guidance. for those of us who cover the company awhile, the guidance has been sort of a joke. kind of the earnings equivalent of a friend who says i'll be at the restaurant at 7:00 so you know that really means 7:30. apple will now say we'll be at the restaurant between 7:00 and 7:30. for awhile apple's lack of accuracy was sort of a thrill for investors. apple with lowball guidance, analysts would put their estimates a little above that guidance and apple's results would below past both. in recent quarters the wheels have come off that cycle. lately apple's been giving a number and coming pretty close to it. last quarter tim cook guided to $52 billion in revenue and apple delivered 54.5. under the new system apple might have guided to between 52 and 54 billion and delivered a very modest beat. it's interesting, i've been going over some custom charts i made over the past few hours because that's what we cnbc reporters do
that got me involved in all of this stuff, and john reid later on -- were both, i think, senate senate -- significant world financial leaders. as far as having talked with a lot of people, i think meeting mandela, having dealt with a number of cases, spent an hour in 1980 with fidel castro, he wanted my advice on how to restructure the cuban debt, and he said i can speak to you about that because we nationalized you in cuba, one of the first times we nationalized foreign banks, and then you offset on our reserves. so, you know, we're kind of even here. and this was in nicaragua with orr ortega who was running the sandinista government who's now back again putting this together. certainly fascinating there. i mean, i could run through so many people. i had to, one of the sessions with mandela i was asked to tell mr. mugabe who was then president of zimbabwe and is still president of zimbabwe that he'd used all his time up. and he wasn't very happy with that. and because of that, i was able to do that, our secretary of commerce, ron brown, asked me if i would chair at the 50th anniversar
got me involved in all of this, and john reed later on. were both i think significant world financial leaders. as far as having talked with a lot of people like, i think meeting mondello, having dealt with a number of cases, spent an hour in 1980 with fidel castro. he wanted my advice on how to restructure the cuban debt. and he said i can speak to you about that because we nationalize you in cuba, one of the first time who did was nationalist the foreign banks, and then you offset our reserves. so we're kind of evening. this was in nicaragua. certainly fascinating. i mean, i could run through so many people. one of the sessions with mondello, i was asked to tell mr. mole gabi, who was then president of zimbabwe and as the president of zimbabwe that he used all his time. he wasn't very happy with that. because of that i was able to do that our secretary of commerce ron brown asked me if i would cheer at the 50th anniversary in admissions the africa lunch that the us was getting at that time, which it did because he said look, if you can do that, then you can take everything else. so i
draghi being in a chat with john liske, former managing of the imf. let's recap, central banks, unlimited bond buying program, the omt will stay in place until markets push aside. but let's point out, it has yet to be fully realized. you talk about banking supervision, the largest banks will be supervised from frankfurt. the single supervisor is a combination of national supervisors working together. the ecb is going to work intensely with that and they're working towards introducing that banking supervision. we might get a bit more of that, as well, with our next guest. christian meiser is had he head of cooperate banking of bank of america. we'll be joined by the finance minister from mexico and oli reign will be joining us. plenty more to come on our coverage of the world economic forum in davos. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male
Search Results 0 to 7 of about 8

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